Rising Currency Concerns Berlin Wants Spain to Accept Bailout Money

With Madrid struggling to recapitalize its struggling banking sector, Chancellor Angela Merkel is pressuring Spain to accept bailout money. Spanish premier Rajoy has thus far resisted the move, but with central banks in developing countries now rapidly reducing their euro holdings, the situation is becoming dire.
Spnish banks are in trouble while developing countries are beginning to shed their euro holdings.

Spnish banks are in trouble while developing countries are beginning to shed their euro holdings.

Foto: REUTERS
cgh -- with wire reports